Alibaba, Chinese dealer to sell luxury autos online

07 Aug 2015

Alibaba and Chinese luxury auto dealer Yongda have teamed up offer online purchases of luxury – and “ultra-luxury” cars.

As a “loss-leader,” they’re offering Chevrolet Epicas (South Korean-made Daewoo Toscas – a mid-size sedan similar to the Chevy Malibu) 40 percent off showroom prices.

Alibaba is offering zero-percent financing to buyers, depending on their previous credit rec

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